Viasat Q3 EPS $0.24 Beats $0.15 Estimate, Sales $1.13B Beat $1.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Viasat (NASDAQ:VSAT) reported Q3 earnings of $0.24 per share, surpassing the $0.15 estimate, marking a 271.43% increase from last year's losses. Sales reached $1.13B, exceeding the $1.11B estimate and showing a 58.03% increase from the previous year.
February 06, 2024 | 9:06 pm
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Viasat reported a significant beat on both earnings and sales estimates for Q3, with EPS at $0.24 against a $0.15 estimate and sales of $1.13B against a $1.11B estimate.
Viasat's significant outperformance in both earnings per share and sales compared to analyst estimates, coupled with a substantial year-over-year growth, suggests a strong operational performance. This is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The substantial beat on earnings and the impressive sales growth are critical factors that investors will likely view favorably.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100